Summary Payroll Data

In the following summary of data for a payroll period, some amounts have been intentionally omitted:

Earnings:
	1. At regular rate	?
	2. At overtime rate	$81,200
	3. Total earnings	?
Deductions:
	4. Social security tax	32,520
	5. Medicare tax	8,130
	6. Income tax withheld	138,000
	7. Medical insurance	18,700
	8. Union dues	?
	9. Total deductions	201,000
	10. Net amount paid	341,000
Accounts debited:
	11. Factory Wages	287,300
	12. Sales Salaries	?
	13. Office Salaries	108,400

a. Calculate the amounts omitted in lines (1), (3), (8), and (12).

(1)	$
(3)	$
(8)	$
(12)	$

b. Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank.

c. Journalize the entry to record the payment of the payroll.

Accrued Product Warranty

Parker Manufacturing Co. warrants its products for one year. The estimated product warranty is 5% of sales. Assume that sales were $183,000 for January. In February, a customer received warranty repairs requiring $165 of parts and $85 of labor.

For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Journalize the adjusting entry required at January 31, the end of the first month of the current fiscal year, to record the accrued product warranty.

b. Journalize the entry to record the warranty work provided in February.